Savings and IRAs

Reach your financial potential.

Savings Accounts That Grow

Saving money is one of the most important steps you can take to achieve your financial goals. Whether you’re saving for a rainy day, a dream vacation, a home purchase or retirement, a savings account with CLCU is a safe and reliable place to keep your money and watch it grow.

As a member-owned financial cooperative, we are dedicated to serving your best interests and helping you reach your savings potential. When you become a CLCU member, we will open a savings account in your name, and all members must maintain a $5 minimum balance and have regular activity in the account to keep the membership active. This $5 represents your share in the ownership of our credit union and allows you access to all our valuable products and services.

Here are some of the benefits of opening a savings account with us:

Lower Fees

We don’t charge monthly maintenance fees, minimum balance fees or excessive transaction fees on our savings accounts. That means more money stays in your pocket.

High Dividends

We pay competitive dividend rates on our savings accounts, which are compounded and credited quarterly. That means your money earns more money over time.

Insured Deposits

Your deposits are insured up to $500,000 through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance (ESI).

Community-focused Interests

CLCU is committed to supporting our local community and providing financial education and resources to our members. That means you can benefit from our personal service and expertise.

No Hidden Fees!

We don’t do hidden fees at CLCU. We believe in honesty and transparency, and that’s why we publish our fees freely on our website.

Individual Retirement Accounts (IRAs)

We want to help you plan for your retirement and achieve your financial goals. That’s why we offer IRAs with contributions that may be tax deductible with tax-free dividends until you withdraw your savings. Consult your tax advisor and contact us to learn more.

Certificates

Investing in a Certificate at CLCU offers you additional security, as well as an opportunity to earn a greater return on your money.

We offer a variety of term Certificates at very competitive rates. These deposits are for specific periods of time and a specific rate for that term. Dividends are paid monthly on these deposits; either added back to the certificate, transferred to an account or mailed directly to you.

We require a minimum deposit of $500 to open a certificate. Terms available are 90 days, 6 months, 12 months, 18 months, 24 months, 30 months, 36 months, and 48 months. Penalties may apply for early withdrawal.

Savings and IRAs

Savings Accounts That Grow

No Hidden Fees!

Individual Retirement Accounts (IRAs)

Certificates

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